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Here's a rundown of how APAC retail rents fared in Q4 2020
Here's a rundown of how APAC retail rents fared in Q4 2020
Rents declined for the fifth consecutive quarter.
Wharf REIC net profits drops 24%
Its occupancy rates in its Hong Kong and Singapore properties remained high due to steady demand.
Perth home prices to see double digit growth for the first time in 11 years
Perth is expected to lead the Australian housing market’s recovery this year.
Auckland, Seoul, Manila record highest prime residential price increases in APAC
Luxury home prices in Auckland increased 17.5% in 2020.
Future office spaces should cater to these 4 types of workers
The post-pandemic office will have to provide highly tailored solutions. According to JLL, expectations of the workplace are radically different according to employees’ appetite for remote-working options.
Why property investors are doubling down on joint ventures
27% of investors plan to increase their involvement in partnerships.
APAC to host a quarter of the world's ultra rich by 2025: Knight Frank
Individuals in APAC with a net worth of over US$30m are expected to grow 33% in the next five years.
Australia, Singapore most sought-after locations for APAC homebuyers
One in five ultra rich individuals in APAC plan to buy a new house this year.
4 key demand drivers for Singapore's office market in 2021
Net absorption is expected to rebound this year.
APAC office leasing volumes down 25% in 2020
Leasing recovery will depend heavily on the efficacy of vaccination programs this year.
New housing loan commitments in Australia hit record high in January
Commitments for owner occupier housing rose 10.5%. The January 2021 Lending to Households and Business figures released by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the eighth consecutive month and reached another record high, according to the Real Estate Institute of Australia (REIA).
APAC prime residential prices maintain rise amidst pandemic
Auckland leads index in Q4 2020, with prime growth of 18%.
Indonesian office tenants downsizing by up to 30% upon lease renewal
They’re also asking for further lease flexibility to manage risks.
Singapore office rents could “fare better than anticipated” in 2021: Savills
Headline CBD Grade A office rents are projected to fall by 5% to 6% this year..
First time homebuyers in Australia increased market share by 50.4% in 2020
They were motivated by low interest rates and other incentives.
Top 5 APAC real estate industry cross border deals in Q4 2020
A $1.02bn acquisition is on top of the list. Led by Gebr Knauf’s $1.02bn acquisition of Usg Boral Building Products, Asia-Pacific’s construction & real estate industry saw a drop of 13.16% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
Tax woes of Indian student housing providers revealed
The interpretation of tax liabilities is a top concern for student accommodation operators.